CAPx is an extension of the original CAP protocol. It is not a competitor, but rather tries to improve on it through three key points.
1.
Fair Distribution
$CAPx is issued through a liquidity bootstrapping contract, with a small portion of the total supply - ensuring a fair distribution in the long term.No community should ever have to endure the pressure of an unfair holder.The rest of the supply will be sent to the governance, letting the community decide whether to implement incentives such as a liquidity mining program.Moreover, the $CAPx token has an inbuilt fee mechanism that takes a cut on all transactions and redirects it to the treasury.
2.
Open-source Oracle
CAPx will run exclusively on the blockchain, thanks to an open-source oracle implemented with Chainlink.The new oracle supports all types of assets, including stocks, indices, crypto, ETF and commodities.
3.
Active L2 Support
Although $CAPx will be initially distributed on Ethereum, the rest of the protocol runs on Matic (now Polygon), an efficient L2 scaling solution.This means more transaction throughput and significantly reduced gas fees, making CAPx more accessible and usable for day-to-day trading.$CAPx will be transferrable from Ethereum to Polygon, and vice-versa, through an ERC20 bridge.
FEATURES
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Decentralized TradingGo long or short on thousands of stocks, ETFs, cryptos, foreign exchanges, and more. Up to 100x leverage.
Community GovernedAn open protocol with community governance. We believe the team is a weak link in a system whose goal is to live forever.
Built on Web3Use your Ethereum wallet to fund your account - no sign up or KYC required. All transactions are verifiable.